Bitcoin hits resistance as the last 24 hours also brings volatility as expected. After hitting resistance at 6400, BTC gave a clear indication of struggle to continue upward as the mid-scale (4-hour candle chart) showed the extremely tight range BTC traded in for over half a day. This, along with such low volatility and an equilibrium of buying/selling, gave the topping signal at least for the short term. The drop thereafter is shown on the hourly scale.
The 6250 line that held as hard support on the last downfall kicked in as some level of support as BTC struggled to maintain any bullish momentum. Now in the 6200 range, BTC still lingers in a sort of “mid-section” as the next major support down is at 6k with resistance still firm at 6400.